JP reported a 24% increase in 1Q net profit
May 16, 2018 For first quarter ended March 31, 2018, Jamaica Producers Group Limited (JP) experienced a 31% increase in revenue to total $4.48 billion compared to the $3.41 billion reported in 2017. The revenues generated by the various segments are as follows: JP Food & Drink division posted revenues of $2.64 billion relative to $1.83 billion reported in 2017, a 45% increase year over year. JP Logistics & Infrastructure division contributed $1.83 billion to revenues, a 16% growth compared to the $1.58 billion recorded in 2017. The Corporate Services division earned $26.29 million relative to $21.14 million in 2017,
XFUND records a 9% drop in first quarter net profit
May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net investment property expense for the quarter amounted to $70.31 million compared to $16.11million in 2017. Net capital gains on financial assets and liabilities slipped 39% to close at $166.40 million (2017: $271.41 million). Operating Expenses rose 14% to $2.77 billion (2017: $2.44 billion). Of this,
DTL reports 29% increase in net profit for 1Q, 2018
May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative to $278.63 million the year prior, an increase of 27%. Other Income increased by 25% to close the period at $6.73 million. Total operating expenses was $264.27 million for the period, representing an increase of 21% on the $218.11 million recorded in the prior year.